This property looks like a bad Long-Term investment with a projected -14.22% first-year return on $71,379 initial cash invested.
-14.22%
Cash On Cash
4%
Cap Rate
0.61
DSCR
$2,581
Rent
-$846
Cashflow
Cash Flow
$2,581 income − $3,427 expenses = $846 out of pocket
Investment Breakdown
|
Purchase Price
$340k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$71,379
Downpayment
20%
$67,980
Closing costs
1%
$3,399
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,581
Total Expenses
$3,427
Mortgage P&I
72%
$1,851
Property Taxes
30%
$786
Home Insurance
5%
$119
HOA
0%
$0
Property Management
10%
$258
CapEx
5%
$129
Vacancy
6%
$155
Maintenance
5%
$129
Other
0%
$0